Business Standard

Tuesday, December 24, 2024 | 06:20 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tesla falters with Model 3 as initial output trails forecast

The automaker built only 260 Model 3s during the quarter ended in September

Tesla Model 3. Photo: Reuters
Premium

Tesla Model 3. Photo: Reuters

Bloomberg
Tesla struggled to produce its cheapest model shortly after the car debuted, setting back Chief Executive Officer Elon Musk’s mission to reach mainstream consumers. 

The automaker built only 260 Model 3s during the quarter ended in September, less than a fifth of its 1,500-unit forecast. Output of the sedan that starts at $35,000 — roughly half the cost of the least expensive Model S — was lower than expected because of unspecified “bottlenecks,” according to the company. 

Musk has engendered enthusiasm about the future of electric cars and has automakers including Volkswagen AG, General Motors Co and Daimler AG lining up to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in